Monday's session had an expected development. We first saw buyers taking the price slightly up, yet not able to retest the 11 823 level. Sellers took over and pushed Dax to the support zone of 11 657. It took some time for this to be broken to the downwards and bears dominated the intraday session until the close.
Important zones
Resistance: 12 031, 11 899, 11 8845
Support: 11 615
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Today's price opens with an ascending gap which could be closed and adequately find buyers at 11 615. We can then target our trades to retest yesterday's high and retest of the resistance zone of 11 845 - 11 899. If there are no significant buying pressures around 11 615, it is more likely that yesterday's low will be broken. As soon as that happens, buyers could shift things around to correct the fall and Dax would likely to oscillate and close inside yesterday's range.
Important zones
Resistance: 12 031, 11 899, 11 8845
Support: 11 615
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Today's price opens with an ascending gap which could be closed and adequately find buyers at 11 615. We can then target our trades to retest yesterday's high and retest of the resistance zone of 11 845 - 11 899. If there are no significant buying pressures around 11 615, it is more likely that yesterday's low will be broken. As soon as that happens, buyers could shift things around to correct the fall and Dax would likely to oscillate and close inside yesterday's range.